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U.S. stocks rise to records as lawmakers wrangle over aid Cecile Gutscher and Claire Ballentine, Bloomberg News BNN Bloomberg's closing bell update: December 17, 2020 VIDEO SIGN OUT The dollar fell and U.S. stocks rose to all-time highs as lawmakers continued to wrangle over a federal-spending deal in Washington. Asian equities looked set for a mixed start. Futures were little changed in Japan and Australian shares retreated. S&P 500 contracts were little changed after the index climbed for a third day. A bipartisan U.S. stimulus deal “appears to be close at hand,” Senate Ma...

U.S. Stocks Rise to Records, Treasuries Decline: Markets Wrap Bloomberg 12/17/2020 Claire Ballentine and Vildana Hajric (Bloomberg) -- U.S. stocks notched a solid gain to close at all-time highs, even as lawmakers continue to wrangle over a federal-spending deal. Popular Searches The S&P 500 climbed for a third day, even with Republicans and Democrats still unable to reach an agreement that would assist millions of Americans who face losing virus-era assistance later this month. Investors earlier took an unexpectedly large rise in jobless claims as a sign the two sides would...

Dec 15 2020, 3:32 PM December 14 2020, 12:02 AM December 15 2020, 3:32 PM (Bloomberg) -- The pound posted its biggest gain in almost two months and bonds plummeted after the U.K. and European Union agreed to continue negotiating, keeping hopes for a trade agreement alive. (Bloomberg) -- The pound posted its biggest gain in almost two months and bonds plummeted after the U.K. and European Union agreed to continue negotiating, keeping hopes for a trade agreement alive. Sterling climbed as much as 1.7%, leading gains among all currencies tracked by Bloomberg, to $1.3446 after U.K. Prime Minister...

Analysts broadly expect the pound to continue to rally if the U.K. and the EU can hash out a deal in the coming weeks. Barclays projected on Monday that an accord before the end of the year could see sterling break through the $1.35 barrier and continue to "grind higher" from there. "On the contrast, it seems there is potentially more room to the downside if we don't necessarily see that deal come through, and that is a bit of a change from what we saw last week where things felt very asymmetrical in a positive sense," Barclays Co-Head of Global FX Sales Mimi Rushton told CNBC on Monday.